Top 5 Benefits Your Business Can Gain From Having a Dashboard
You might realise now that we at Neorise are big fans of dashboards for businesses.
We’ve talked about how dashboards can help your business get important data in one place and analyse it to make informed decisions, stay competitive, improve communications and customer service and more.
We’ve also looked at the real benefits of a dashboard for an everyday, local business – Wembley Autocare.
If you haven’t had a chance to read through our case study, we’ve summarised the top 5 benefits of having a business dashboard right here.
- You know how your business is doing at all times
How many business owners will be able to answer questions such as “how many sales did your last marketing campaign brings in?” or “which product or service brings in the most profit and you should spend more money on advertising/marketing?” A dashboard with the right settings and data can tell you all of this information and more. Imagine the power of being able to know how and what is the best way to grow and benefit your business.
- You can identify areas of improvement and be motivated to get better results
Imagine your business sales are doing really well, however, at the same time there is a decline in customer satisfaction that requires attention as it will affect sales in the future. A good business dashboard will have indicators and when you see “red” arrows or flags that things are not doing as well, you’d intuitively want to fix it right. Bob Parsons, the founder of GoDaddy, said it best when he said, “Measure everything of significance. Anything that is measured and watched, improves.”
- Get more time to do the things you love & stress less
We’ve all been there at one point: entering data from different areas into spreadsheets, creating pivot tables and then discovering you’ve entered the wrong data and having to re-check it again and again. Imagine how much time you can save with a dashboard that can “talk” to all your systems, collects accurate data automatically and then present it to you in an easy to read report? Imagine too how an extra three or five hours can benefit your business and your personal life. More time to spend time with family, train staff or get back to customer queries to make sales. Precious.
- Empower everyone in the business
The benefit of having a dashboard is getting a report that tells you what is doing super well and what needs improvement or attention. This way everyone in your business can be empowered with the knowledge of how their work contributes to the overall success of the business. For example, if the records show that it is taking too long for queries to be answered, the customer service department can work to improve their processes or get more resources. Empowering your team members with such information can also motivate them to get better results.
- Increased productivity & profit
Knowing areas for improvements, which services or products are selling better, what tasks are too much time and can be outsourced, and what is the best way to communicate with customers are powerful information that will allow you to make informed business decisions. When you make decisions based on facts and accurate data, you can see increased productivity which in turn gives you increased profit.
We know that starting, operating, developing and growing a business is hard work.
Let’s make it that little bit easier with the right dashboard that can empower your business with the right information to achieve goals, from more sales through to reducing costs without sacrificing productivity.